Where Banking Jobs Are Being Axed - League Table of Job Loss Announcements

Red Hand

Twenty-two of the 50 biggest banks have announced plans to eliminate at least 1,000 positions each since the start of August 2011, according to data compiled by Bloomberg.

More than 22,500 cuts were disclosed this year. That compares with about 106,000 in last year’s final five months, so the rate of cuts has slowed down.

Here's a league table based on the number of job losses at each firm announced since August 2011:

Bank of America - 33,500

HSBC - 30,330

Royal Bank of Scotland - 9,842

UniCredit - 6,150

Citigroup - 5,000

Intesa Sanpaolo - 5,000

Banca Monte dei Paschi dei Siena - 4,600

Mizuho Financial Group - 4,000

Barclays - 3,622

UBS - 3,500

ING Groep - 2,830

Allied Irish Banks - 2,500

Deutsche Bank - 2,400

Credit Agricole - 2,350

Morgan Stanley - 2,300

Danske Bank - 2,000

Nordea Bank - 2,000

Societe Generale - 1,580

Credit Suisse - 1,500

National Australia Bank - 1,400

BNP Paribas - 1,396

Australia & New Zealand Banking Group Ltd - 1,000  

Banks Temper Job Cutting After Surge in 2011 Reductions

Source - Bloomberg.com

image: © jakub

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